Overview and Scope
Solid waste management refers to the systematic collection, transportation, treatment, and disposal of solid waste generated by human activities. It involves organizing and implementing strategies and practices to minimize solid waste’s adverse environmental and public health impacts. Solid waste management aims to reduce the amount of waste sent to landfills through recycling, composting, and waste-to-energy processes, ensuring proper disposal of residual waste to minimize pollution and protect human health and the environment.
Sizing and Forecast
The solid waste management market size has grown steadily in recent years. It will grow from $301.31 billion in 2023 to $314.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to the adoption of sustainable waste management practices, utilization of waste as a source of renewable energy, growing concerns about public health, economic growth, and urbanization.
The solid waste management market size is expected to see steady growth in the next few years. It will grow to $379.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to climate change mitigation, regulatory compliance, increasing industrialization, increase in smart city constructions, and climate change mitigation. Major trends in the forecast period include development of bio-based alternatives, technological advancements, waste-to-energy technologies, public-private partnerships and smart waste management systems.
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Segmentation & Regional Insights
The solid waste management market covered in this report is segmented –
1) By Waste: Municipal, Industrial
2) By Material: Paper And Paperboard, Plastic, Metals, Food, Textiles, Other Materials
3) By Service: Open dumping, Incineration Or Combustion, Landfill, Recycling, Composting And Anaerobic Digestion
4) By End-User: Residential, Commercial, Industrial
Top 5 Major Players:
- Veolia Environment S.A.,
- Waste Management Inc.,
- Republic Services Inc.,
- Remondis AG & Co. Kg,
- Rethmann AG & Co KG
North America was the largest region in the solid waste management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising environmental concerns are expected to propel the growth of the solid waste management market going forward. Environmental concern refers to the awareness and care for the well-being of the natural world and its ecosystems. Environmental concerns are rising due to extreme weather events, growing awareness of climate change, and the impact of human activities on the environment. Solid waste management is essential for mitigating environmental pollution, conserving resources, reducing greenhouse gas emissions, protecting ecosystems, promoting circular economy principles, and improving public health. For instance, in May 2024, according to Environment and Climate Change Canada (ECCC), a Canada-based government department, the total greenhouse gas emissions for Canada in 2022 were 708 megatons (Mt CO2 eq), up 1.3% from 698 (Mt CO2 eq) in 2021. Furthermore, in November 2021, according to the Office for National Statistics (ONS), a UK-based government department, around 75% of adults in Great Britain were concerned about the effects of climate change. Therefore, environmental concerns are driving the growth of the solid waste management market.
Key Industry Players
Major companies operating in the solid waste management market are Veolia Environment S.A., Waste Management Inc., Republic Services Inc. , Remondis AG & Co. Kg, Rethmann AG & Co KG, SUEZ Group, Waste Connections Inc., GFL Environmental Inc., Clean Harbors Inc., Hitachi Zosen Corporation, Stericycle Inc., Paprec Group, Cleanaway Waste Management Limited, Renewi plc, Covanta Holdings Corporation, Biffa Limited, Advanced Disposal Services Inc., Biffa Group PLC, Recology, Waste Pro USA, Casella Waste Systems Inc., FCC Environment Limited, Viridor Limited, Urbaser SAU, ALBA Group, Envac Group, Keppel Seghers, TANA Oy
The solid waste management market report table of contents includes:
1. Executive Summary
2. Solid Waste Management Market Characteristics
3. Solid Waste Management Market Trends And Strategies
4. Solid Waste Management Market – Macro Economic Scenario
5. Global Solid Waste Management Market Size and Growth
…
32. Global Solid Waste Management Market Competitive Benchmarking
33. Global Solid Waste Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Solid Waste Management Market
35. Solid Waste Management Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Solid Waste Management Market, Segmentation By Waste, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Solid Waste Management Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Solid Waste Management Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Veolia Environment S.A. Financial Performance
Table 76: Waste Management Inc. Financial Performance
Table 77: Republic Services Inc. Financial Performance
Table 78: Remondis AG & Co. Kg Financial Performance
Table 79: Rethmann AG & Co KG Financial Performance
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